The DXY is bullish and the JXY is bearish this means we can get to see good bullish momentum in this pair. USDJPY has been in an uptrend for a long time now and we recently saw a divergence that played out yet the higher low still has not been broken so this can be a good buying opportunity as price is at a good support level. Stoploss placed just below the higher low.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.